Wed.Dec 27, 2023

article thumbnail

How retailers can increase customer acquisition, boost conversions with tech advancements

Retail Customer Experience

As technology evolves, there will be more tools and opportunities for technology to do the work so retailers can focus on expanding product and service offerings and growing the businesses.

105
105
article thumbnail

NRF: Returns Reach 14.5% of Sales in 2023, Fraud Contributed $101 Billion in Losses

Retail TouchPoints

Returns totaled $743 billion in 2023, amounting to 14.5% of all retail sales, according to a report from the National Retail Federation and Appriss Retail. This means that for every $1 billion in sales, the average retailer incurred $145 million in merchandise returns. As is typically the case, online sales saw a higher return rate in 2023 at 17.6% compared to 10.02% for pure brick-and-mortar returns (excluding online orders that were returned in-store).

Returns 290
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

1-Cent Jr. Bacon Cheeseburger at Wendy’s for National Bacon Day

Retail Wire

Wendy's is making sure consumers will be bringing home the bacon.

ATS 246
article thumbnail

Maximizing Profitability: How to Improve 4 Key Areas of the CPG Product Lifecycle

Retail TouchPoints

Consumer packaged goods (CPG) companies are obsessed with two things: maximizing revenue and minimizing operational expenses. The same could be true of all for-profit organizations, but the CPG industry is unique in its unrelenting pace of new product launches designed to woo or wow an audience that has grown accustomed to constant change. However, due in part to pandemic-related workforce disruptions and supply chain challenges, new CPG product introductions declined by 16% over the past four y

article thumbnail

Modernizing the Frontend Experience on Salesforce Commerce Cloud

Unlock agility, boost performance, and gain control over your Salesforce frontend with the latest masterclass from Composable.com : Modernizing the Frontend Experience on Salesforce Commerce Cloud Featuring experts from Algolia, Ember, Netlify, and Stripe, this masterclass focuses on practical strategies for optimizing your Salesforce Commerce Cloud storefronts using modern composable commerce integrations.

article thumbnail

Intel’s Historic $25 Billion Chipmaking Investment in Israel

Retail Wire

The Israeli government and U.S. tech titan Intel are partnering to construct a massive $25 billion chipmaking facility in southern Israel.

246
246
article thumbnail

WHSmith’s ‘WHS’ mini-rebrand sparks confusion

Retail Gazette

WHSmith has sparked confusion with its new logo as part of a mini-rebrand that is being trialled across the country. The high street retailer has renamed several of its branches to ‘WHS’, dropping the surname of founder Henry Walton Smith from its branding. The new logo – the three-letter symbol written out in white font on a blue background – has been introduced to ten of its stores across the UK including in York and Preston.

More Trending

article thumbnail

John Lewis Partnership to update turnaround plan as boss vows to prioritise retail

Retail Gazette

John Lewis Partnership is to update its turnaround strategy as chief executive Nish Kankiwala promises staff the employee-owned business will prioritise retail. The chief executive told staff he was operating with a “one retail mindset” for the Partnership’s Waitrose and John Lewis business, as well as its financial services and property division. “At the heart of what we want to do, we want to be a brilliant retailer that delights our customer . . .

Planning 119
article thumbnail

Robot Attacked Tesla Worker at Texas Factory

Retail Wire

A Tesla software engineer was brutally attacked by a robot and experienced serious injuries as a result of a malfunction at the company's Giga Texas factory in Austin.

ATS 189
article thumbnail

Returns are the last, but not least, component of a holiday CX strategy

Retail Dive

The last thing retailers should do is make gift recipients feel guilty for making a return, according to experts.

Returns 119
article thumbnail

Kids Prefer YouTube to Streaming Services Like Netflix

Retail Wire

Streaming services like Netflix are pulling back on their investments in children's content after learning that kids increasingly prefer to consume content on YouTube.

Consumer 188
article thumbnail

Website Security Essentials: Protect Your Site and Strengthen Cybersecurity

In a digital-first world, website security is non-negotiable. This comprehensive guide explores the critical importance of securing your site against hackers and vulnerabilities like SQL injection, XSS, and malware. Discover tools like SiteLock for threat monitoring and CodeGuard for seamless backups, ensuring robust protection for your data and operations.

article thumbnail

Space Projects creates Amsterdam store with thatched hut for Polspotten

Dezeen

A curvilinear thatched hut has been paired with terracotta-hued tiles at the Amsterdam store for homeware brand Polspotten, which was designed by local studio Space Projects. The studio created the store to straddle a shop and an office for Polspotten , a furniture and home accessories brand headquartered in the Dutch capital. Visitors enter the Polspotten store via an oversized triangular entranceway Characterised by bold angles and arches , the outlet features distinctive terracotta-coloured w

Boutique 118
article thumbnail

Apple Resumes Smartwatch Sales After Patent Dispute

Retail Wire

Apple has won an appeal to resume selling its smartwatches after the U.S. Court of Appeals for the Federal Circuit paused an import ban.

147
147
article thumbnail

Jeroen van der Most to showcase technology, art and AI in Keynote and Bee Barcelona Performance at ISE 2024

365 Retail

Dutch digital artist, Jeroen van der Most, has been confirmed as a keynote speaker for day 2 of ISE 2024 (30 January – 2 February 2024). Known for his innovative approach to art, Jeroen has been at the forefront of integrating data, algorithms, and artificial intelligence into his creative endeavours since 2010. Jeroen has had art projects commissioned for organisations including Amnesty International, NVIDIA, NH hotels, Sogeti, and Nike – Footlocker.

ATS 111
article thumbnail

Zulily Shuts Down and Exits the Retail Market

Retail Wire

Zulily, an online retail platform specializing in women's and children's apparel, has announced that it's closing its doors for good.

article thumbnail

Is Your Business AI-Ready? Find Out with Orium’s Maturity Model

Generative AI is poised to redefine B2B, but scaling AI success in this space isn’t without obstacles. From fragmented data sources and complex buyer journeys to operational inefficiencies, the road to AI-powered growth can be challenging. To achieve a competitive edge, understanding your organization’s AI-readiness is essential. Orium's Data & AI Maturity Model provides a quick, actionable way to assess your starting point.

article thumbnail

Poundland boss hails ‘amazing’ response to ex-Wilko store openings

Retail Gazette

Poundland boss Austin Cooke has claimed there is “plenty of positivity” on the high street, as he reported strong trading at the former Wilko stores it has converted. The managing director said there had been an “amazing” response to the newly launched Poundland stores from shoppers, despite noting times were “tricky” The retailer bought 71 former Wilko stores in September following the collapse of the value chain.

Shopping 111
article thumbnail

Squishmallows Take Over McDonald’s Happy Meals Nationwide

Retail Wire

McDonald's across the U.S. has begun featuring Squishmallows in its Happy Meals.

147
147
article thumbnail

Look Back: Top 2023 retail customer experience news

Retail Customer Experience

It was a big year of retail customer experience news as brands innovated, expanded strategies and embraced AI.

article thumbnail

Tesla Readies for Next Big Launch: Updated Model Y

Retail Wire

Tesla Inc., the industry-leading EV manufacturer, is reportedly getting set to launch an upgraded version of its highly successful Model Y from its Shanghai production facility.

130
130
article thumbnail

Master Off-Page SEO: Boost Traffic, Build Trust, and Drive Conversions

Off-page SEO is the key to building trust, attracting qualified traffic, and boosting conversions. This guide explores how to leverage backlinks, guest blogging, social media, and influencer marketing to expand your website’s reach and authority. Discover the synergy between on-page and off-page SEO, ensuring your site is optimized for success. Learn how to create valuable content, engage with online communities, and track your progress to fine-tune your strategy.

article thumbnail

Lidl finance chief steps down following £76m loss

Retail Gazette

Lidl UK finance boss Marco Di Costanzo has stepped down from his role, following a £76m loss from the discounter. The executive leaves after two years in the position, and is understood to be taking on a new role under Lidl’s parent company, Schwarz Group, after a successor is appointed. The news comes as Lidl continues its aggressive expansion plan, having recently launched its biggest ever warehouse in Luton, costing £300m.

Finance 103
article thumbnail

Amazon Prime Will Run Ads Unless Users Fork Over Extra Cash

Retail Wire

The streaming giant is asking users to spend even more money for ad-free viewing.

130
130
article thumbnail

Female Founders: A Missed Opportunity That The World Needs to Wakeup On

LS Retail

©iStock/fizkes Investing in women entrepreneurs and founders is a huge opportunity that both financial and ESG strategies have historically missed. Women-led companies yield better returns on investment (ROI), generating 78 cents for every dollar of funding; male-founded startups generate just 31 cents, according to research by BCG and MassChallenge.

article thumbnail

New York Times Sues OpenAI and Microsoft Over Copyright Infringement

Retail Wire

The New York Times has initiated legal proceedings against OpenAI and Microsoft, alleging infringement of copyrighted material.

130
130
article thumbnail

Is Your Brand AI-Ready? Find Out with Orium’s Maturity Model

Generative AI is reshaping retail, but achieving true AI success isn’t simple. Many brands face hurdles—underdeveloped data strategies, limited AI-ready infrastructure, or lack of seamless integration across systems. As you explore how AI can boost efficiency and transform customer experiences, understanding your business’s readiness is key. Orium's Data & AI Maturity Model offers a clear starting point.

article thumbnail

Poundland boss praises ‘amazing’ response to revamped Wilko stores

Retail Gazette

Poundland boss Austin Cooke has claimed there is “plenty of positivity” on the high street, while hailing the discounter for its strong trading at former Wilko stores. The managing director said there had been an “amazing” response to the newly launched stores from shoppers, despite noting times were “tricky” The retailer agreed to purchase 71 former Wilko stores in September following the collapse of its competitor, leading to 400 shops shutting and 12,000 jo

article thumbnail

Florida Airports Facing Major Delays After Christmas

Retail Wire

As Sunshine State travelers return from their holiday getaways, they are facing major delays.

Returns 130
article thumbnail

The Retailer's New Edge for 2024: The Intelligent Automation of WFM

RIS News

In this live webinar session, discover how intelligent automation is revolutionizing workforce management in retail.

article thumbnail

5 Reasons for Touch Screen Tables

Retail Customer Experience

Discover the benefits of interactive touchscreen tables for your business. With specialized software and intuitive user interfaces, touchscreen tables provide an exceptional and engaging user experience for your customers.

80
article thumbnail

Turn Your Website Into a Money-Maker: Tips for Small Business Success

Your website can be more than just a digital presence—it can be a thriving profit center. Discover proven strategies to monetize your website, whether you sell physical products, digital downloads, or services. Learn the importance of user-friendly design, high-quality content, and tailored marketing to meet audience needs and boost engagement. Explore options like e-commerce, affiliate marketing, and subscriptions, and use analytics to optimize for success.

article thumbnail

Independent Retailers Association Warns of Difficult Year Ahead for Traders

365 Retail

The British Independent Retailers Association has said 2024 is anticipated to be a challenging period for shop keepers as economic challengers are still set to bite. Bira, which works with over 6,000 independent businesses of all sizes across the UK, said they were expecting more challenges coming up in the coming months – and urged businesses to prioritise resilience and adaptability.

article thumbnail

Purposeful Retail: Bridging the Gap Between Intentions and Actions

Retail Eye

Welcome to the final installment of our AI in retail blog series! In this post, we'll focus on small businesses and explore cost-effective ways to integrate artificial intelligence (AI) into brick-and-mortar stores.

52
article thumbnail

Synergy Credit Union Partners with Kuusoft to Enhance Customer Experience?

Kuusoft

Arina Gerasimova+1 866-546-8838marketing@kuusoft.com For Immediate Release Synergy Credit Union Partners with Kuusoft to Enhance Customer Experience Synergy Credit… The post Synergy Credit Union Partners with Kuusoft to Enhance Customer Experience​ appeared first on The Official Kuusoft Blog.

article thumbnail

Miniso Blind Box Carnival Surprises and Delights Shoppers Worldwide

Retail TouchPoints

Blind boxes have become a hot commodity for Gen Z and Gen Alpha consumers. With strategic packaging that keeps product contents hidden, blind boxes are designed to pique consumers’ curiosity and delight them with exclusive products — often featuring popular IP from brands like Disney and Sanrio. Global lifestyle brand Miniso has capitalized on this trend by partnering with some of the most popular IP owners to expand its blind box offering and encourage shoppers to #UnboxMagicalMoments on social

Marketing 260
article thumbnail

Mastering E-commerce Strategies to Drive Growth in B2B Distribution

B2B distributors and wholesalers: this webinar is for you! Discover the game-changing potential of composable commerce—a flexible, modern approach to e-commerce—and explore the strategies and technologies transforming the B2B landscape. Learn how to create custom digital experiences for your business from the leaders at Orium , commercetools , and Contentful as they walk through real-world examples, providing actionable insights on how to future-proof your business, integrate new opportunities s